Maruti Suzuki India, the country’s top carmaker by sales, is facing some logistical challenges due to traffic disruption in the Red Sea, a company executive said on Wednesday. “The time of dispatches may change and there may be some uncertainty in vessels coming and picking up their consignments,” Rahul Bharti, Maruti’s investor relations chief, said … Read more
German carmaker Mercedes-Benz is looking to expand its presence in the smaller cities in India where demand for luxury models is expected to grow robustly over the next few years. The automaker, which on Wednesday introduced new GLA and AMG GLE 53 models, plans to enhance its sales and service infrastructure in the non-metro cities … Read more
Pedestrians walk past a Caixin Weekly magazine, published by Caixin Media Co., on display at a news stand in Beijing, China, on Sunday, March 6, 2016. Qilai Shen | Bloomberg | Getty Images The International Monetary Fund revised up its growth forecast for developing Asia economies in 2024 as it remained optimistic on India, but … Read more
The Nasdaq MarketSite in New York, June 9, 2023. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What … Read more
China Evergrande Group’s logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty Images A liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China’s struggling real estate sector — but analysts say the spillover will likely be … Read more
Parliament building in New Delhi, India. Vipin Kumar | Hindustan Times | Getty Images India is set to release its interim budget for 2024 on Thursday, ahead of the country’s highly anticipated general elections. Finance Minister Nirmala Sitharaman will be presenting the pre-election budget for the fiscal year which runs from April 1, 2024 to … Read more
China Evergrande Group’s logo is displayed on a phone screen in this illustration photo taken on September 27, 2021. Jakub Porzycki | Nurphoto | Getty Images A liquidation order to property giant China Evergrande liquidation crisis this week deepened concerns about China’s struggling real estate sector — but analysts say the spillover will likely be … Read more
A labourer works inside a mill of refined wheat flour at Khanna in India’s Punjab state on May 18, 2022. Sajjad Hussain | AFP | Getty Images Rice, wheat, milk and sugarcane — India is among the largest producers of these agricultural commodities, yet millions are still starving in the world’s most populous country. “Hunger … Read more
A trader works on the floor of the New York Stock Exchange Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You … Read more
New Delhi: Toyota Kirloskar Motor is temporarily suspending the dispatch of its three models — Innova Crysta, Fortuner and Hilux — in the country after “irregularities” were found in the certification tests for the diesel powertrain. Toyota Industries Corporation (TICO), a company affiliated with Toyota Motor Corporation (TMC), on January 29, 2024, announced that irregularities … Read more
